Saturday, September 3, 2016

How 36 states shared N156.2bn in two months

The total sum of

N156, 240,031,414.57 was shared for the 36 states of the
federation from Federation Account Allocation Committee for the month of May
and June, 2016.

In a statement released yesterday by the National Bureau of Statistics, NBS,
from the FAAC allocation by federal, state and all 774 LGAs for June and July,
2016, the gross statutory allocation of 57,228,855,281.52 was shared for the
774 LGAs in the month of June and N99,011,176,133.05 in the month of July.

breakdown of the summary of the distribution showed that in the month of June,
Kano State with 44 local government councils received the highest share of
2,521,522,564.68 for the month of June. Katsina state with 34 LGAs followed
with N1,855,143,352.32. Oyo state with 33 LGAs was third on the log with the
sum of N 1,692,695,366.42. Bayelsa state with 8 LGAs received the least sum of
N1,335,348,055.38 followed by Gombe state with 11 LGAs N1,421,522,437.67. The
next state from the rear is Ebonyi with 13 LGAs, which got N1,350,174,531.57
for the month of June. In the month of July, Kano also got the lion share of
N4,141,530,661.97 followed by Katsina state with N3,209,568,395.26 and Oyo
state with 33 LGAs that received third highest share of N2,928,518,458.74.
Similarly, Bayelsa state led from the rear with N2,310,274,788.13. Gombe
received N2,459,364,384.64, while Ebonyi state got N2,335,925,953.74.
Meanwhile, the sum of N16,737,534,925.61 and N15,834,173,467.20 were shared
respectively in the month under review by the nine oil producing states. Akwa
Ibom received N5,707,719,568.95 and N5,147,046,274.87 respectively, which were
the highest among all the states followed by River state which got
N3,794,656,431.68 and N3,599,566,911.82 respectively. Edo state got the list
amount of N96,653,425.30 and N135,627,219.07 for the same period. However,
Lagos State led the park on the list of indebtedness with a total of
N377,218,633.57 as its external debt in June, out of a total of
N,687,226,870.81 external debts owed by the 36 states in June. Lagos State also
led chart on the list of indebted states in July month of July with the sum of
N377,218,633.57 external debts out of a total of N1,687,226,870.81 by all the
states.

Total Pageviews

Subscribe To

Right Information at Right Time

Welcome to the Nigerian Post. Our functions are:*keeping Surveillance of the environment,* Correlation of parts of the society,*Transmission of social heritage,*Educating,Entertainment and Mobilization of the mases.